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Hongkong Land Holdings ( (GB:HKLD) ) has provided an update.
Hongkong Land Holdings Limited has announced the repurchase of 480,000 of its ordinary shares at a weighted average price of US$5.1789 per share, with the highest price paid being US$5.23 and the lowest US$5.14. This move is part of the company’s strategy to manage its share capital and enhance shareholder value, with the repurchased shares set to be cancelled, impacting the total number of voting rights and potentially affecting shareholder calculations under the Financial Conduct Authority’s rules.
The most recent analyst rating on (GB:HKLD) stock is a Hold with a $4.80 price target. To see the full list of analyst forecasts on Hongkong Land Holdings stock, see the GB:HKLD Stock Forecast page.
More about Hongkong Land Holdings
Hongkong Land Holdings Limited is a major property investment, management, and development group. The company focuses on prime office and luxury retail properties in key Asian cities, particularly in Hong Kong and Singapore.
Average Trading Volume: 43,650
Technical Sentiment Signal: Buy
Current Market Cap: $11.14B
For an in-depth examination of HKLD stock, go to TipRanks’ Stock Analysis page.